Gulftainer

Gulftainer
TypeLimited Liability Company
IndustryPort Operations & Management and Transport & Logistics
Founded1976
Headquarters
Area served
United Arab Emirates, Iraq, Lebanon, Saudi Arabia, Pakistan, and the United States
ProductsPort investment, development, management and operations. Transport of all cargo types including: project cargo; Third party logistics; freight forwarding; contract logistics; container repairs and minor ship repairs
ServicesPorts and logistics management
RevenueUS$1 billion 2017
ParentCrescent Enterprises
SubsidiariesMomentum Logistics
Websitegulftainer.com

Gulftainer is a port operator with its corporate head office in the United Arab Emirates. It was established in 1976.

History

Gulftainer was formed in 1976 to manage and operate the Sharjah Container Terminal (SCT) on behalf of the Sharjah Port Authority. Ten years later a concession was awarded to Gulftainer to manage and operate Khorfakkan Container Terminal (KCT) in Khorfakkan Port and the container terminal in Hamriyah Port, Sharjah. In 2004, Gulftainer expanded beyond the UAE, initially as a consultant to the Kuwait Port Authority. Later the same year, it inaugurated the purpose-built Sharjah Inland Container Deport (SICD) near the Sharjah–Dubai border.

Since then, it has carried out operations in South Asia, Pakistan, the Comoros Islands, Turkey, Iraq, Russia, Brazil, and Lebanon In June 2013, Gulftainer completed a major acquisition by securing the majority shareholding in Saudi Arabia's Gulf Stevedoring Contracting Company (GSCCO) almost doubling the company size. This acquisition made Gulftainer the largest port operator in the Middle East with regard to the number of terminals managed.

Sharjah Inland Container Depot

In June 2014, Gulftainer signed a 35–year concession with the Canaveral Port Authority in Florida, USA to operate and develop its container and multipurpose cargo terminal. The terminal, is Gulftainer's first venture in the United States. In September 2018, Gulftainer signed another contract in the US, a 50–year concession to operate the port of Wilmington, Delaware. The deal included a US$600 million investment commitment and upgrades to training facilities and terminal capabilities.

In August 2019 Gulf Stevedoring Contracting Company began operations at the King Fahad Industrial Port, Yanbu in Saudi Arabia, handling both container and breakbulk cargo.

Operations

Gulftainer locations

In the UAE, Gulftainer operates three container terminals on behalf of the Sharjah Port Authority:

  1. Khorfakkan Container Terminal
  2. Sharjah Container Terminal
  3. Hamriyah Port

Internationally, Gulftainer operates at;

  1. Iraq Container Terminal and the Iraq Project Terminal at the Umm Qasr Port.
  2. Jubail Commercial Port
  3. King Fahad Industrial Port
  4. Port of Tripoli, Lebanon
  5. Port Canaveral, Florida
  6. Port of Wilmington, Delaware.

The company owns and operates three logistics centres:

  1. Saja'a Industrial Investment Park, Sharjah
  2. Sharjah Inland Container Depot on the Dubai—Sharjah border
  3. Umm Qasr Logistic Center, Iraq

See also

References

  1. ↑ "Gulftainer sees 24% increase in 2012 trade volumes". Gulftainer. 17 Feb 2013. Retrieved 8 March 2015.
  2. ↑ "Sharjah Inland Container Depot". Retrieved 21 April 2014.
  3. ↑ "Facts and Figures". Gulftainer.
  4. ↑ "Umm Qasr Logistics Centre". Gulftainer. Retrieved 8 March 2015.
  5. ↑ "Gulftainer to invest $500m in Russia". Trade Arabia. Retrieved 21 April 2014.
  6. ↑ "Lebanon signs contract with Gulftainer for Tripoli. port". 9 October 2013. Retrieved 21 April 2014.
  7. ↑ "Global Container Terminal Operators annual review and forecast 2013". Drewry.
  8. ↑ "Gulftainer Expands into USA". Gulftainer. Retrieved 8 March 2015.
  9. ↑ "Gulftainer Expands into USA". Reuters. Retrieved 20 September 2018.
  10. ↑ "Gulf Stevedoring to Operate King Fahad Industrial Port at Yanbu". Retrieved 26 May 2020.